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MICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 6 PRICE ELASTICITY OF DEMAND1 Mark
Question
Why is perfectly elastic demand curve parallel to X-axis?
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Answer

Perfectly elastic demand curve is a horizontal straight line, parallel to X-axis because it is a situation where the slightest change in price causes an infinite change in demand.

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